Shares of Planet Fitness plunged Thursday after the fitness company slashed its guidance and canceled planned price hikes.
SpaceX shares, initially soaring after its IPO, have fallen significantly, leading to investor concern. The company's valuation dropped, with some retail investors facing losses, and its stock is being compared to a 'meme stock'. Analysts are divided on its future prospects.
Switching broadband, pay TV, energy suppliers, and bank accounts can save hundreds of pounds. Regulators have simplified the process, with Ofcom fining Virgin Media £28m for contract cancellation issues. Ofgem has also streamlined energy switching. The Current Account Switch Service automates transfers for banks.
SK Hynix shares dropped over 15% in Seoul, marking their worst day, following a strong Nasdaq debut. Investors are booking profits and assessing AI memory chip demand against recent stock surges, creating valuation uncertainty.
Taiwan Semiconductor Manufacturing Co. (TSMC) announced a 67.9% year-on-year increase in June sales, reaching NT$442.68 billion. For the first half of 2026, revenue grew 35.6% to NT$2.4 trillion, boosted by AI chip demand. Shares rose 1% as the company plans new packaging plants in Taiwan.
Switching broadband, pay TV, energy, and bank accounts can save hundreds of pounds. Regulators have simplified the process, with Ofcom fining Virgin Media £28m for hindering contract cancellations. Ofgem has also streamlined energy supplier changes. The Current Account Switch Service automates transfers for banks.
This week's market focus is on the US economy, with major banks like JPMorgan and Bank of America releasing Q2 earnings. The June consumer price index report is also due Tuesday, coinciding with JPMorgan's conference call. Other key reports include the producer price index and earnings from J.B. Hunt and Netflix.
